BY SOUMYA NAIR

How Tesla PROFITS are Skyrocketing in Q2

Tesla has been going through a major crisis since April as its sales fell due to  

Tesla/Pinterest

PANDEMIC RESTRICTIONS IN CHINA

There has been an 18% drop as compared to the first three months of this year.

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There has also been a 35% decline in their stock prices

BUT THE PROFITS OF THE COMPANY ARE GOING HIGH

They posted an adjusted profit of $2.27 per share due to the price hikes. 

$2.26 billion

TESLA'S NET INCOME NOW IS

Now their goals is to achieve 50 percent average annual growth in their vehicle deliveries.